India, July 30 -- Shares of Xerox Holdings Corp. were climbing around 26 percent in the pre-market activity on the Nasdaq, after the office equipment manufacturer on Thursday raised its fiscal 2026 outlook, after reporting a profit in its second quarter, compared to prior year's loss.
Louie Pastor, chief executive officer at Xerox, stated, "Our second-quarter results gave us another reason for confidence. We made progress on each of our three strategic priorities: stabilizing revenue, increasing profitability, and reducing leverage. As a result, we are raising both revenue and adjusted operating income guidance, as well as our Lexmark gross synergy targets."
Looking ahead for fiscal 2026, the company now projects adjusted operating income...